2014 Chapter CCR

Omaha Metro AGA is proud to present our 2014 Citizen-Centric Report.   Please take a look!  We are glad to answer any questions and welcome constructive criticism.

Job Posting: Associate Financial Manager, NPPD

Associate Financial Manager

Nebraska Public Power District (NPPD) has an immediate opening for an Associate Financial Manager located at Columbus, Nebraska.

Position closes September 10, 2014.

Summary of Job Duties:

Incumbent will be exposed to several key areas within the departments of Accounting, Corporate Financial Planning, Investment Portfolio & Debt Administration and Business Unit Financial Management. Incumbent will participate/work in each of these departments for one-to-two years or longer until achieving successful development to serve in future management of CFO succession plan positions. It is the expectation that the Incumbent will complete NPPD’s supervisory skills program and leadership development workshop. Incumbent will utilize their knowledge when working in each department to provide well rounded decision making skills as well as address opportunities for continuous process improvement. Incumbent will participate in management decision-making, performance management, and other management/HR functions.

Essential Functions of Position:


Through mentoring and development from the Corporate Accounting Manager, the Associate Financial Manager will learn, be developed in, and assist the Corporate Accounting Manager and Supervisor with the directions, coordination and supervision efforts and activities for accounting areas that includes:

·         Thorough understanding of the District’s interim and annual financial statements including footnotes, accounting by level of service for ratemaking, deferral or accrual of revenue on a monthly and annual basis to meet revenue requirements during a wholesale or retail rate period, debt service coverage, in addition to the calculation of other important financial metrics for the District’s operations.

·         Allocation of general and administrative costs is made consistent with FERC, the District’s philosophy, contractual obligations and rate methodology;

·         Interpretation and application of generally accepted accounting principles (GAAP), Financial Accounting Standards Boards (FASB), Governmental Accounting Standards Boards (GASB), applicability of various tax regulations, Clear Air Act Allowances, etc.;

·         The recording, reporting and execution of the District’s fixed assets, accounts receivable and payroll systems.

·          Tax pronouncements and updates. Analyze the applicability and impact of new tax laws and changes to existing tax laws on the activities of the District. Items impacted include payroll, fringe benefits, sales and use taxes and other miscellaneous issues;

·         Accounting and billing requirements under various participation contracts;

·         Short-term investment earnings of cash assets, cash transfers, NPPD’s banking relationships, short and intermediate term cash forecasts, cash management processes;

·         Financial audit activities (external or participant related);

·         Various non-recurring projects related to accounting, operational and tax issues; and

·         Knowledge and understanding of all positions in the Corporate Accounting organization.

Finance & Planning

Through mentoring and development from the Controller and Financial Planning Manager, the Associate Financial Manager will learn, develop and assist the Controller and Financial Planning Manager and the department leaders with the directions, coordination and supervision efforts and activities for financial planning areas that includes:

·         Financial planning process that includes the development, implementation and maintenance for NPPD/individual business units that is integrated with strategic planning, forecasting, performance tracking.

·         Financial planning to assure that the corporate budget is approved in compliance with NPPD’s bond resolutions;

·         Revenue requirements for rate development;

·         Executive management financial reporting process;

·         Financial activities of the GGS, Sheldon, and CNS participation contracts and analysis and coordination of accounting for Nuclear fuel and commercial paper amortization;

·         Profit and Loss Statements (monthly, planned, forecasted rate view);

·         Financial controlling process which includes administrative oversight of the Accounting workgroup and business unit/level of service profit and loss statements using the natural and FERC chart of accounts;

·         Month end settlement activities which includes reconciliation of financial statement reporting and internal/rate reporting.

·         Intermediate and long-term (3+ years) investment of NPPD’s funds;

·         Effective management of NPPD’s debt including long-term bonds, commercial paper;

·         Alternative finance strategies to lower overall debt service; and

·         Arbitration Rebate Section of the Tax Code.

·          Knowledge and understanding of all positions in the Finance & Planning organization.

Investment Portfolio & Debt Administrator

·         Accountable for effective management of the District’s debt and debt service compliance with bond resolutions.

·         Accountable for optimal long-term investment of the District’s funds and investment strategy compliance with bond resolutions.

·         Responsible for recommending alternative finance strategies to lower overall debt service.

·         Accountable for the District’s compliance with the Arbitration Rebate Section of the Tax Code.

·         Accountable for implementing benchmarks and performance measures for this position.

·         Accountable for Business Process Improvement of the Investment Portfolio & Debt Administration process.

Business Unit Financial Management

Through mentoring and development from the Controller & Financial Planning Manager or the CNS Finance, Cost & Procurement Manager/Finance and Cost Manager-Operations, the Associate Financial Manager will learn, develop and assist Management with the directions, coordination and supervision efforts and activities for Business Unit Financial Management areas that includes:

·         Establish, monitor and maintain integrated business unit financial plans for the current and future years, including both capital and operating expenditures and operating revenues, to support business unit and corporate objectives.

·         Provide financial reporting and financial planning services to the business unit in a timely and effective manner.

·         Establish and maintain an accurate and effective set of financial performance measurement and benchmarking indicators for the business unit.

·         Perform as the business unit’s internal liaison with the accounting and finance, planning and forecasting personnel to develop and support corporate and business unit goals and objectives.

·         Perform as the business unit Local Process Owner for the Controlling module of SAP and processes of the Enterprise Business System.

·         Develop and deliver business unit training for planning and financial reporting processes involving SAP.

·         Provide knowledge and assistance in the improvement of Enterprise Business System processes and procedures to ensure that the business unit and corporate are performing in an effective and efficient manner.

·         Serve as an integral member of the business unit management team; maintain an awareness of industry best practices; and actively participate in development of strategic and operational plans and activities.

·         Knowledge and understanding of all positions in the Business Unit Financial Management organization.


Education and Training:

·         Bachelor’s Degree in Accounting, Finance, or related field is required. MBA is preferred.

Licenses and/or Certifications Required:

·         CPA or CMA – Preferred

Prior Related Experience:

Five (5) years or more working in an Accounting or Finance department. Utility accounting experience is preferred.

Leadership Competencies:

·         Safety-Embraces and exhibits strong nuclear and/or industrial safety culture. Makes safety considerations a core part of doing business and encourages others to do so.

·         Customer Focus-Dedicated to meeting the expectations and requirements of internal and external customers. Gets first hand customer information and uses it to improve products and services. Establishes and maintains effective relationships with customer.

·         Focus on Process Excellence-Demonstrates strong inner drive to achieve excellence while striving for low cost, simplicity and speed to enhance operational excellence and eliminate bureaucracy.

·         Results Oriented-Commits to and meets bottom line results while expecting and supporting achievement of the same from others.

·         Energy-Brings positive energy to the job and behaves in a way that energizes others.

·         Informing-Provides the information people need to know to do their jobs and feel good about being a member of a team, department, business unit, and/or NPPD. Seeks input and acknowledges feedback.

·         Business Acumen-Possesses and demonstrates a keen understanding of general business principles, NPPD financials, and a general understanding of the NPPD ratemaking process. Uses financial analysis to evaluate risk and make risk based decisions.

·         Developing Direct Reports and Others-Provides challenging and stretching tasks and assignments. Holds frequent development discussions and ensures creation and execution of employees’ development plans.

·         Self knowledge and Self development-Knows personal strengths, weaknesses, and limits. Seeks performance feedback, is open to criticism, and is not defensive. Is personally committed to own development and actively works to improve.

·         Managing and Measuring Work-Clearly assigns responsibility for tasks and decisions. Sets clear objectives and measures. Monitors process, progress, and results.

·         Alignment with the Mission-Is aligned with NPPD’s culture, values, and mission. Operates with the mission and values in mind. Encourages others to act in a manner aligned with culture, mission, and values.

·         Strategic Thinking-Considers a broad range of internal and external factors with solving problems and making decisions. Is a future oriented thinker. Translates broad strategies into specific objectives and action plans.

Salary Information

·         Exempt

·         Pay Grade 15: $7,442.00 – $9,585.00/month

Nebraska Public Power District offers a competitive starting salary and an excellent benefits package including medical and dental insurance, 401K retirement plan, paid holidays, paid vacation, training opportunities and more.

If you have any special needs requests, please contact Human Resources at Nebraska Public Power District.

EOE: Minorities/Women/Disabled/Veterans

Applications accepted online at http://v1.nppd.com/Careers/Job/121

1/2 Day Continuing Education Training Seminar

Omaha Association of Government Accountants

1/2 Day Continuing Education Training Seminar


Location: 117 Mammel Hall, University of Nebraska-Omaha

Date: October 9, 2014

Time: 12:30 – 4:30


Topics include:

  • Plowing Through the Rhetoric and AGA National RemarksBill Miller, National President AGA
  • Financial Reporting from the Lens of Local Officials– Craig Maher, Professor School of Public Administration- UNO
  • TBA – Paul Tomoser CIA, CPA, CRMA Internal Audit Director Creighton University

4 hours of CPE applied for!


Registration cost before October 2: AGA members $65.00

Members of other professional organizations: $75.00

After October 2: All $80.00


Pay online through our events calendar or RSVP Russ Freitag at rfreitag@esu3.org!

AGA-ASMC Joint Luncheon

Lo Sole Mio, 3001 S 32nd Ave, Omaha, NE 68105.  $16 members/nonmembers.
Ms. Kathy Knott, Director of Finance at ConAgra, will speak on Corporate Finance.  A buffet lunch will be provided.
Please RVSP to Russ Freitag (rfreitag@esu3.org) by 4:00pm on Wednesday, August 6.  To pay online via PayPal, please use the link on the calendar under Events.
August’s community service project is a school supplies collection for local schools – please pick up some extra this year to donate and bring them to the meeting!


Job Posting – Senior Financial Analyst

StrategicHealthSolutions, a fast-growing company working with the Federal government to improve the quality, efficiency, and value of healthcare, is looking for a Senior Financial Analyst in the Omaha area.  More information is available here!

April 10 1/2 Day Continuing Education Training Seminar

Topics Include: Computer Intrusion Trends/Crimes – FBI Supervisory Sepcial Agent Justin Kolenbrander;

Leadership Strategies – SilverStone Group Senior Consultant Associate Vicki Kennel

Auditing and Accounting Update – OPPD Manager Financial Accounting and Reporting Joni Davis

RSVP online in the events page or to Russ Freitag at rfreitag@esu3.org

Time: 12:30-4:30

UNO Mammel Hall Room 320 A/B

cost before April 8: members 65.00 non members 75.00

after April 8: all $80.00

4 hours of CPE applied for

March 20 AGA meeting

Please join us on Thursday March 20 at Omaha/Douglas Public Building Commission’s Office to hear Dennis Snook, Manager of Emergency Preparedness and Business Continuity, at OPPD speak on the importance of “Contingency Planning” The conference room is located in the Civic Center at 1819 Farnam Street Suite 1210 cost for the lunch is $15.00 time is 11:30-1:00RSVP to Russ Freitag rfreitag@esu3.org

February AGA Meeting

February Monthly Meeting

Speaker:  Jude
Lui – Topic – GASB Update

Date:   February 20,

Place:  OPPD Energy Plaza, 444 S. 16th St Mall (Conference Room)

Time:  11:30 am to 1:00 pm

Cost:   $15.00 all


Pay online at www.omahaaga.org or RSVP by 4:00pm Friday,
February 14 to Russ Freitag at rfreitag@esu3.org.

Omaha AGA Now On Facebook

Omaha Metro Area AGA

Promote Your Page Too

Omaha Chapter to receives yet Another Platinum Award at National PDC

For the fourth year in a row the Omaha Chapter has received a Platinum Award for its outstanding chapter year. Sara Ransford and Sharon Medina should be congratulated for leading a fantastic chapter year 2011/2012. Platinum awards are given to chapters that have met the top level of points in all areas of the chapter recognition program. Jude Lui and Sharon will travel to San Diego to the National PDC to receive the recognition. Thanks to the board that helped develop this successful chapter year! Way to go team!

Upcoming Events

  • No Events...

Omaha Metro Area Chapter is pleased to announce their Three Platinum Award Designation for the Chapter 2008-09, 2009-10 and 2010-11 Years